HomeMy WebLinkAbout128 - 12/21/2010 - APPROPRIATING UNANTICIPATED GRANT FUNDS AND DOWNTOWN DEVELOPMENT AUTHORITY FUNDS FOR THE LINDEN STRE ORDINANCE NO. 128, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT FUNDS AND DOWNTOWN
DEVELOPMENT AUTHORITY FUNDS FOR THE LINDEN STREET
STREETSCAPE PROJECT
WHEREAS, Linden Street is the link between the Old Town Square and the area known
locally as the "Downtown River District' which includes existing and future residential areas,
cultural and arts venues, commercial/retail centers, and industrial businesses; and
WHEREAS,Linden Street between Walnut Street and Jefferson Street was improved several
years ago and serves as an inviting extension of the Downtown for driving, walking, or bicycling;
and
WHEREAS, the section of Linden Street north of Jefferson Street/State Highway 14, is
uninviting and hazardous due to the current levels of automobile and truck traffic coupled with the
lack of continuous sidewalks, bike lanes, and streetscape and landscape features; and
WHEREAS, the Linden Street Streetscape project (the "Project') will add curb, gutter,
attractive and functional sidewalks,on-street parking,bike lanes,urban design,historic interpretive
features and landscaping to Linden Street between Jefferson Street and the Poudre River; and
WHEREAS, City Council has previously appropriated $1,000,000 for the Project; and
WHEREAS, the Colorado Department of Transportation ("CDOT") has recently awarded
the City a Congestion Mitigation and Air Quality Program grant in the amount of$580,000 for the
Project and the Downtown Development Authority ("DDA") Board of Directors has approved an
additional $500,000 for the Project; and
WHEREAS, this new funding from the CDOT and the DDA provides an additional
$1,080,000 to be appropriated for the Project; and
WHEREAS, the prior appropriation of $1,000,000 plus the appropriation of$1,080,000
provided herein will fully fund the Project; and
WHEREAS, Article V, Section 9, of the City Charter permits the City Council to make
supplemental appropriations by ordinance at any time during the fiscal year, provided that the total
amount of such supplemental appropriations,in combination with all previous appropriations for that
fiscal year, does not exceed the current estimate of actual and anticipated revenues to be received
during the fiscal year; and
WHEREAS, City staff have determined that the appropriation of the revenue as described
herein will not cause the total amount appropriated in the Capital Projects Fund to exceed the current
estimate of actual and anticipated revenues to be received in that fund during any fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated grant revenue in the
Capital Project Fund the sum of FIVE HUNDRED EIGHTY THOUSAND DOLLARS ($580,000)
for the Linden Street Streetscape Project.
Section 2. That there is hereby appropriated from unanticipated revenue from the
Downtown Development Authority in the Capital Project Fund the sum of FIVE HUNDRED
THOUSAND DOLLARS ($500,000) for the Linden Street Streetscape Project.
Introduced, considered favorably on first reading, and ordered published this 7th day of
December,A.D.2010,and to be presented for final passage on the t day of December,A. .2010.
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Mayo
ATTEST: -
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City Clerk
Passed and adopted on final reading on the 21st day of D e er, A.D. 2010.
Mayo
ATTEST: .
City Clerk